Oliver & Legg, LLC

Oliver & Legg, LLC At the law offices of Oliver & Legg, with more than 35 years of bankruptcy law experience, we are de

People facing financial challenges may want to change the terms of their mortgage. But lenders are typically in control.
01/23/2023

People facing financial challenges may want to change the terms of their mortgage. But lenders are typically in control.

Debt relief guidance is advisable.

Reviewing the 341 meeting and the accompanying 521 documents
12/16/2022

Reviewing the 341 meeting and the accompanying 521 documents

If you have decided to seek Chapter 7 or 13 bankruptcy protection, you will attend the “341 meeting” soon after filing. You will also have to provide “521 documents” to the bankruptcy trustee. This is a good time to review information from these sections in the United States Code. A look at ...

How can foreclosure impact your credit score?
12/03/2022

How can foreclosure impact your credit score?

Foreclosures occur when you can no longer make mortgage payments on your home. In this case, the bank or lender will begin the process of resuming control of the property and sell it to recoup their losses. In addition to losing your home, foreclosure can affect your credit score. Understanding thes...

Statistics on non-business bankruptcies
11/18/2022

Statistics on non-business bankruptcies

If you want to file for a non-business (personal) bankruptcy, it is crucial to understand the various options in front of you. For example, you should go over different types of bankruptcy and determine which one suits your circumstances best. For some people, Chapter 7 offers an ideal solution to t...

While credit scores are affected, bankruptcy is a crucial first step for many determined to regain their financial freed...
11/14/2022

While credit scores are affected, bankruptcy is a crucial first step for many determined to regain their financial freedom.

Credit scores typically fall by this much.

What is the difference between secured and unsecured debts?
11/10/2022

What is the difference between secured and unsecured debts?

If your debts become so burdensome that you know paying them off will not be possible, filing for Chapter 13 bankruptcy may offer you a solution. Under Chapter 13, you will have a three to five-year period to pay some of what you owe. Whether you pay all or some of a debt or have

What happens to your credit score when you file for bankruptcy?
10/29/2022

What happens to your credit score when you file for bankruptcy?

Filing for bankruptcy is a viable option for those overwhelmed by debts and in need of relief. Individuals may opt for Chapter 7 or Chapter 13 bankruptcy depending on personal circumstances, but both options will impact your credit score. While bankruptcy gives you the reprieve you need to get your....

Should your business file Chapter 7?
10/21/2022

Should your business file Chapter 7?

Chapter 7 bankruptcy is one option when you need to declare bankruptcy for your business. You may hear people refer to it as liquidation because that is what happens when you file this chapter. Before you file, it is essential that you understand what filing Chapter 7 means and how it will impact yo...

How does Chapter 13 bankruptcy work?
10/11/2022

How does Chapter 13 bankruptcy work?

Job loss, a serious illness, divorce or another difficult life situation can force you to take out large amounts of debt. If you feel like there is no way out from the debt you accumulated, you may consider filing Chapter 13 bankruptcy. According to the U.S. Courts, Chapter 13 bankruptcy provides yo...

How can you avoid another bankruptcy?
09/24/2022

How can you avoid another bankruptcy?

Going through bankruptcy once can cause a ripple effect that lasts a number of years. Preventing another bankruptcy requires you to thoroughly assess what went wrong the first time so you can make changes right away. Knowing some strategies for managing your money can help you identify your next ste...

Looking to the future can be an anxious exercise when the present involves bankruptcy.
09/21/2022

Looking to the future can be an anxious exercise when the present involves bankruptcy.

A new chapter awaits.

How should you respond to foreclosure concerns?
09/09/2022

How should you respond to foreclosure concerns?

Knowing that you do not have enough money to pay your mortgage can cause great uncertainty. You may experience feelings of embarrassment, fear and guilt. Despite your valid concerns, the way you respond can help you keep your dignity. Knowing your rights will also help you protect yourself from bias...

Address

2240 Highway 33 Suite 112
Neptune, NJ
07753

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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